China Solar PV News Snippets

Trina's Vertex S+ 505 modules enter mass production; Daqo Energy's FY2023 net profit to decline; Maxwell's 1.2 GW HJT cell equipment for Dasun New Energy; Shuangliang Eco-Energy's net profits to grow ~70%; 200,000-ton PV module recycling plant to come up in Wangcang County.

Trina Solar starts mass production of Vertex S+ 505W modules: Solar module manufacturer Trina Solar has announced that it has initiated mass production of its Vertex S+ 505W (NEG18R.28) n-type dual-glass modules at its factory in Jiangsu province. These modules, designed for commercial and industrial rooftops, promise higher power output, lower BOS, and LCOE, meeting customer needs for quicker payback times.

The company is offering a 30-year performance warranty and a 25-year product warranty on these modules. With advanced technology and robust construction, these modules offer increased efficiency, durability, and resistance to environmental factors, ensuring reliable long-term performance. With the start of mass production, Trina Solar says it is well equipped to deliver Vertex S+ 505W modules to global markets, including Europe, Australia, and the Asia-Pacific region.

Trina Solar recently released its forecasts for FY2023, where it anticipates its net profits to 43.27% to 58.36% (see China Solar PV News Snippets).

Daqo Energy forecasts net profit decline for FY2023: Polysilicon manufacturer Daqo Energy forecasts its FY2023 net profits to range between RMB 5.7 billion ($789.11 million) to RMB 5.8 billion ($803.68 million). This translates into a decline of 69.67% to 70.19% compared to FY2022. The company attributes the substantial decline in performance to the fall in polysilicon prices during the year, which negatively impacted the company's financial results compared to the same period last year.

Dasun New Energy to purchase 1.2 GW HJT cell equipment purchase from Maxwell: Dasun New Energy has announced the signing of a 1.2 GW HJT cell equipment purchase contract with Maxwell. According to the agreement, Dasun will purchase 1.2 GW of crystalline silicon HJT cell production equipment from Maxwell for application in Phase I of its HJT cell fab in Anji City, Zhejiang Province. The company is investing about RMB 5 billion ($695.5 million) in this facility, with plans to construct a 4.8 GW HJT cell + 4.8 GW module production line. Additionally, the 2 parties have agreed to collaborate on specialized equipment, manufacturing process improvement, and technological research and development, accelerating the industrialization of HJT cells.

Shuangliang Eco-Energy's 2023 net profit to grow up to 69.45%: Solar manufacturing equipment maker Shuangliang Eco-Energy has forecasted its FY2023 net profits to range between RMB 1.48 billion ($205.71 million) and RMB 1.62 billion ($224.45 million). This range represents a growth of 54.81% to 69.45% compared to the same period last year. The company attributes the growth in 2023 net profit to the profitability of its monocrystalline silicon business, stable growth in water-saving equipment sales, and continuous delivery of orders for new energy equipment such as multicrystalline silicon reduction furnaces and their pry blocks.

Recently, Shuangliang Eco-Energy announced its intention to raise a total of RMB 2.56 billion ($358.55 million) to fund 2 facilities (see China Solar PV News Snippets).

Wangcang County to set up 200,000-ton PV module recycling plant: The Wangcang County has signed an agreement to establish the Wangcang County 200,000-ton Recycling and Reuse Industrial Park for Waste PV Modules. The project will be located in Wangcang County, Guangyuan City, Sichuan Province, with an estimated total investment of RMB 1 billion ($139.1 million). The project is expected to be completed in 3 phases with a total construction period of 54 months. After reaching production capacity, it is anticipated to generate an annual output value of over RMB 1 billion ($139.1 million) and create more than 200 employment opportunities.